Courtesy of Tyler Durden
- Asian stocks lower on Friday ahead of fresh growth numbers from the US.
- Japan’s industrial prodn unexpectedly fell 1.5% in June on expectations of lower exports.
- US close to Japan-style deflation, Bullard, a voting member of the Fed Reserve says.
- Alcatel-Lucent swings to Q2 loss of €184M on a 2.4% decline in revs to €3.8B.
- American Apparel shares fall as much as 25% after auditors, Deloitte & Touche, resign.
- Anglo American’s H1 profit falls 31% to $2.06B, despite 35% jump in revs at $15.02B.
- Bayer cuts full-year forecasts at two of three units as profit declines
- British Airways’ Q1 loss widens to GBP122M following strikes. Revs fell 2.3%.
- Citigroup pays $75M to settle charges for providing inadequate information to investors.
- Consortium led by Li Ka-shing to buy EDF’s U.K. assets for $9.05B.
- DBS posts surprise 2Q loss on $747M impairment charge
- Disney selling Miramax to Tutor and Colony Capital for more than $660M
- EADS raises forecast as revenue creeps up
- Eastman Chem beats by $0.40, beats on revs; guides Q3, FY10 EPS above consensus.
- Exxon Mobil Corp.’s Q2 earnings jumped 91%, helped by higher commodities prices.
- First Solar Inc.’s Q2 profit falls 11.9% to $159M, despite 12% rise in revs to $587.9M.
- India’s Reliance ADA in talks with Universal Studios to build a $1.5B theme park in India.
- Kellogg lowers 2010 profit forecast on cereal recall
- Kia Motors’ Q2 profit jumped 61% at $470.2M on 23% rise in sales.
- Lafarge SA said its Q2 profit dropped 15% to €329M despite 2% rise in revs.
- Macquarie warns of lower profits in major units.
- MetLife swings to better-than-expected Q2 profit, but revs fell short of expectation.
- Michelin swung to H1 profit of €504M as sales rose 17% to €8.35B.
- Mitsubishi Corp’s Q1 net more than doubled to $1.61B, helped by gains from asset sales.
- Mizuho returns to profit as bad loans decline in Japan & bond trading rise
- Motorola posts Q2 profit of $162M as revs fell slightly to $5.41B.
- Shareholder protests at Charles River Lab, leads to cancellation of merger with WuXi.
- Toyota recalls 480,000 vehicles for steering fix.
Economic Calendar: Data on GDP, Employment Cost Index, Chicago PMI to be released.
Earnings Calendar: ACI, AEP, ALU, AON, AXL, BWA, CVX, HMC, KT, MCK, MDC, MRK, PPC, TOT, TPL, WY.
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Data courtesy of Egan Jones Ratings and Analytics